This is a very bearish chart. I missed to opened a short position so now I have to wait for the second chance.
I will open a short position if and when:
1. the price comes back up to fill the gap in the daily chart.
2. The price is going to roll back down at major fib level such as 0.618 and 0.5.
3. Momentum indicators in daily chart stay in the bear zone and roll down to the downside.
I will open a short position if and when:
1. the price comes back up to fill the gap in the daily chart.
2. The price is going to roll back down at major fib level such as 0.618 and 0.5.
3. Momentum indicators in daily chart stay in the bear zone and roll down to the downside.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.